Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $154.88.

Several research analysts have recently issued reports on CBRL shares. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research report on Wednesday, July 12th. Maxim Group reissued a “hold” rating and issued a $160.00 target price (up previously from $155.00) on shares of Cracker Barrel Old Country Store in a research report on Wednesday, October 11th. BidaskClub lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $136.00 target price on shares of Cracker Barrel Old Country Store in a research report on Friday, October 20th. Finally, Instinet reissued a “neutral” rating and issued a $158.00 target price (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. The business had revenue of $743.20 million during the quarter, compared to analyst estimates of $746.72 million. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. Cracker Barrel Old Country Store’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.12 EPS.

Cracker Barrel Old Country Store declared that its board has authorized a share buyback plan on Friday, September 29th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 0.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 13th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.28%.

In related news, CEO Sandra B. Cochran sold 36,794 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the completion of the transaction, the chief executive officer now owns 157,591 shares of the company’s stock, valued at approximately $23,901,826.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $153.39, for a total value of $306,780.00. Following the transaction, the director now directly owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Crawford Investment Counsel Inc. increased its position in Cracker Barrel Old Country Store by 25.3% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 96,408 shares of the restaurant operator’s stock valued at $16,124,000 after buying an additional 19,437 shares in the last quarter. Jensen Investment Management Inc. increased its position in Cracker Barrel Old Country Store by 24.4% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,880 shares of the restaurant operator’s stock valued at $649,000 after buying an additional 760 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Cracker Barrel Old Country Store by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock valued at $63,028,000 after buying an additional 11,236 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $701,000. Finally, HighTower Advisors LLC increased its position in Cracker Barrel Old Country Store by 53.0% during the 2nd quarter. HighTower Advisors LLC now owns 3,589 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 1,244 shares in the last quarter. 86.31% of the stock is owned by institutional investors.

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Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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